Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth momentum across Beauty and Fashion. Consolidated GMV is expected to grow in the high 20s, while NSV and net revenue growth are projected in the early and high 20s, respectively.
Shinichi Uchida, the Deputy Governor of the Bank of Japan, underscored the significant influence of artificial intelligence on the financial landscape. He noted that escalating asset prices could trigger market corrections if anticipated AI returns fail to materialize. Uchida also suggested that robust demand for AI might alter Japan's natural interest rates.
Amidst anticipation for the Reserve Bank of India’s policy decision, Indian government bonds have remained relatively stable. The yield for the 6.94% 2036 bond is currently 7.2127%. Analysts predict this week could mark the central bank's first rate hike since 2023. Additionally, state borrowing is projected to surpass market expectations, which could impact supply dynamics. Meanwhile, recent US Treasury yields have offered short-term relief amid shifting global financial conditions.
Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
By 10.45 AM, traded volume had already reached 81.66 lakh shares worth ₹277.20 crore, indicating heavy interest from market participants
Forex traders said periodic dollar interventions by the Reserve Bank of India (RBI) helped smooth excessive intraday volatility and capped sharper losses for the rupee
Bajaj Finance’s AUM grew by 26.5% y-o-y to around ₹5.85 lakh crore
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.
Gold is facing renewed selling pressure after the US Fed’s rate hike, with higher Treasury yields and a stronger dollar reducing the appeal of the non-yielding asset. The 10-year US Treasury yield climbed towards 5.25%, while the Dollar Index moved above 101, outweighing support from geopolitical uncertainty.
The Nifty 50 opened at 22,532.40, against a previous close of 22,421.95, and was trading at 22,544.50, up 122.55 points or 0.55%, as of 9.25 am
